The next-gen SVT Mustang will be the Shelby GT350

We were rooting for a Cobra revival, but this'll do.

Earlier this month, we told you to expect a name change for the upcoming, new-generation SVT Mustang. Our sources told us that we should expect a name that's "new but familiar," so we were rooting for Cobra. Today, Mustangs Daily reported that the next SVT will retain the Shelby moniker, but it does get a "new" familiar name: GT350. We set about turning over more rocks and can corroborate that report. Right now, the GT350 name is used on an aftermarket model sold directly by Shelby American.

Look for a naturally-aspirated, high-revving V8 that's derived from the 5.0 Coyote engine. Don't read that to say it'll be a 5.0, however. The new SVT engine will have a higher displacement and be substantially more powerful than the next GT (which itself should be pushing around 450 horses), though less powerful than the insane 662 horsepower generated by the current GT500's blown 5.8-liter. Mustangs Daily says that the GT350 will be more "stripped down," but we hear that it'll offer all the amenities you'd expect from the flagship model. Our sources have also told us to look for more use of carbon fiber in the new SVT car.

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You'll get a look at the standard 2015 Mustang lineup before this year is out: base V6, 2.3-liter EcoBoost, and GT. But you'll have to wait until April to see the GT350 (a 2016 model). That's when the new Mustang has its big coming out party at the 2014 New York Auto Show, which coincides exactly with the Mustang's NY World's Fair introduction 50 years ago. (That was on April 17, 1964. The '14 New York show's final press preview day is April 17, 2014.) Why not Detroit? Ford will give the new F-150 all the limelight in Motown.

Mustangs Daily also says that we should expect a new Mach 1 for the 2016 model year. We're unable to confirm that moniker's revival 100%, but it's a likely pick for a future special-edition car. After it arrives, look for Ford to change things up every couple of years as they have in the past, ensuring collectibility and keeping fan interest high throughout the next-gen's run.

One special edition is already a lock for the next-gen Mustang's launch, however: a 2015 50th Anniversary package for the GT.

Finally, the 2015 Mustang GT prototype was just caught on video. Hit the play button to hear it flex its V8 for the cameraman.